SG Americas Securities LLC Boosts Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

SG Americas Securities LLC boosted its stake in Papa Johns International, Inc. (NASDAQ:PZZA) by 102.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,468 shares of the company’s stock after buying an additional 4,283 shares during the quarter. SG Americas Securities LLC’s holdings in Papa Johns International were worth $456,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PZZA. CWM LLC raised its holdings in Papa Johns International by 65.6% in the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares during the last quarter. Blue Trust Inc. raised its holdings in Papa Johns International by 16.8% in the 2nd quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock valued at $170,000 after acquiring an additional 520 shares during the last quarter. Quest Partners LLC raised its holdings in Papa Johns International by 12.2% in the 2nd quarter. Quest Partners LLC now owns 3,774 shares of the company’s stock valued at $177,000 after acquiring an additional 410 shares during the last quarter. EntryPoint Capital LLC raised its holdings in Papa Johns International by 379.7% in the 1st quarter. EntryPoint Capital LLC now owns 3,315 shares of the company’s stock valued at $221,000 after acquiring an additional 2,624 shares during the last quarter. Finally, KG&L Capital Management LLC acquired a new position in Papa Johns International in the 2nd quarter valued at $240,000.

Papa Johns International Trading Up 4.1 %

Shares of NASDAQ PZZA opened at $53.75 on Thursday. Papa Johns International, Inc. has a 12-month low of $39.90 and a 12-month high of $78.67. The company has a market cap of $1.77 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.97 and a beta of 1.20. The stock has a fifty day moving average price of $48.74 and a 200 day moving average price of $50.30.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. On average, sell-side analysts forecast that Papa Johns International, Inc. will post 2.27 EPS for the current fiscal year.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.46 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.84 dividend on an annualized basis and a yield of 3.42%. Papa Johns International’s payout ratio is currently 81.78%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Bank of America cut their price target on Papa Johns International from $78.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Stifel Nicolaus dropped their price objective on Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Stephens restated an “overweight” rating and set a $60.00 price objective on shares of Papa Johns International in a report on Thursday, August 8th. Wedbush restated an “outperform” rating and set a $51.00 price objective on shares of Papa Johns International in a report on Friday, August 23rd. Finally, KeyCorp dropped their price objective on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.82.

Papa Johns International Company Profile

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John’s trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.